All the headlines from our Catastrophe Topic Page, ordered by recency.
Aug 8 2023 // Pfizer Inc. said on Thursday it will begin making some products available only through its emergency ordering process, as part of steps to manage inventory at its North Carolina facility that was struck by a tornado last...
Aug 7 2023 // More victims of a devastating wildfire sparked last year by the U.S. Forest Service in northern New Mexico are getting compensated, with payouts to landowners totaling more than $14 million as of early next week, federal...
Aug 4 2023 // Swiss Re AG said first-half net income rose more than ninefold to $1.4 billion from a year earlier, driven by contained natural catastrophe losses and a rebound in its life and health business to pre-pandemic levels.Net...
Aug 4 2023 // Forecasters from Colorado State University (CSU) stressed uncertainty in their latest outlook on Thursday for the current Atlantic hurricane season, even as they held steady the number of storms expected.This year’s...
Aug 3 2023 // Europeans are among the least insured against certain types of extreme weather and other natural disasters in the developed world, a predicament made more worrisome as the continent suffers a summer of devastating heat,...
Aug 2 2023 // This post is part of a series sponsored by CoreLogic.Due to the ever-changing insurance market, property and casualty insurers across the country face multiple challenges today that can commonly disrupt their business...
Aug 1 2023 // Containment on an 80,000-plus-acre wildfire in Southern California grew to 23% on Tuesday, as firefighters made some progress against the state’s most massive ongoing blaze. It was listed as being at 0% containment a...
Aug 1 2023 // Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the period of $1.4 billion as catastrophe and underwriting losses offset other favorable factors.President...
Jul 31 2023 // The focus of Europe’s heat is switching to Spain, with a high risk of wildfires in southern parts of the Iberian peninsula.Southern Spain is expected to exceed 40C (104F) on Monday, with regions around Cordoba under...
Jul 31 2023 // Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty (P&C) segment partially offset higher investment income.Profits at insurers came under...
Jul 28 2023 // Typhoon Doksuri swept into southern China on Friday, unleashing heavy rain and violent gusts of wind that whipped power lines and sparked fires, uprooted trees, and ripped off part of a stadium roof.The typhoon is the most...
Jul 27 2023 // Greece is fighting almost 200 wildfires as strengthening winds put a sting in the tail of the Mediterranean’s fading heat wave.More villages in mainland Greece were evacuated on Thursday as blazes threatened, while...
Jul 27 2023 // The Philippines, recovering from damage wrought by Typhoon Doksuri, is seeking a new insurance plan as protection against future calamities after its catastrophe bond lapsed.“We no longer have a cat bond,”...
Jul 27 2023 // An international team began siphoning oil out of a decrepit oil tanker off the coast of Yemen on Tuesday, the United Nations chief said, a crucial step in a complex salvage operation aiming to prevent a potential...
Jul 26 2023 // Louisiana Gov. John Bel Edwards and the Office of Community Development announced that homeowners impacted by Hurricanes Laura, Delta, Ida and the May 2021 severe storms have until August 1 to complete the Restore...
Jul 26 2023 // Mississippi Gov. Tate Reeves has requested financial assistance from the federal government for 16 counties hit by tornadoes and damaging storms that hammered the state over a five-day period in June, he announced...
Jul 26 2023 // Wildfire Defense Systems Inc., Polo Managing Agency Ltd. (PMA) and Aon, announced Lloyd’s has approved the launch of Wildfire Defense Syndicate 1996, which started underwriting on July 1, 2023.Created under...
Jul 25 2023 // A 3.8 magnitude earthquake shook a northern Arizona town Sunday afternoon but there was no immediate word on any injuries or damage, the United States Geological Survey confirmed.The USGS said the small quake struck near...
Jul 25 2023 // Philippine authorities on Tuesday evacuated hundreds of people in coastal communities as super typhoon Doksuri intensified in strength, pummeling the north with strong winds and heavy rains before it heads toward Taiwan...
Jul 25 2023 // Wildfires and evacuations on the Greek island of Rhodes, and a heat wave blasting much of southern Europe, have raised questions for tourists about their travel insurance coverage.As the threat of fires remains high...